Sunday, 12 November 2017

After Tesla Electric Cars Earthquake The Tsunami Of Energy Storage Is Coming: Can Tesla Rebuild Puerto Rico Power Grid?

It is time to start watching carefully a new opportunity provided by the very fast growth in Energy Storage business. This video from Teslanomics is a very good overview of what is happening in the sector under Tesla leadership. Energy Storage will overtake electric cars in the demand for lithium batteries in the not so distant future.

The most interesting in this brilliant video from Fully Charged is that solar panels and Tesla Powerwall 2 are working perfectly well even in the UK. The message is very simple: the world is going to the Distributed Energy Generation and lithium batteries make it possible. By the way, if you are lucky to have your own house you will need 2 lithium batteries in your household in the future: one for your electric car and another one for your solar system. You will start saving money from the day one, but the initial capital investment will be still very significant for the majority of people.

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The real mass-market adoption will come once you will be able to buy your Solar System, Lithium Battery and Electric Car all in one package and "pay as you" with quarterly payments which will be lower than you are spending now on electricity and your car. This future is very close now and Tesla has everything ready to take the market by the storm once they are ready for mass production of Tesla Model 3, Powerwalls and Solar Roofs. We have Elon Musk's Grand Plan To Power The World With Batteries in action.

Another part of this story is the rising price of lithium in China again. Last year we have seen only 14% rise in lithium supply and prices have increased by 74%. In December, Benchmark Minerals has reported that LCE (Lithium Carbonate Equivalent) was priced below $15k/T and Lithium Hydroxide (the particular lithium based chemical which is used in Tesla batteries) was around $18k/T. Last week I have received reports that in Shanghai LCE was priced at $18k/T and Lithium Hydroxide was at $22k/T. Today there are reports that LCE is already pushing $19k/T. It is all happening just before 4 major Lithium batteries Megafactories will be coming online in China this year and Tesla will move into the mass market stage with the production launch of Tesla Model 3 in July.

“ This brings the total amount budgeted for exploration to CAD$17 million across the Company’s projects in Canada , Argentina ...

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